News Highlights: Top Equities Stories Of The Day
Source: Dow Jones News
Unilever Resignation Reignites Spinoff Talk
Unilever reported little progress in its margarine business and confirmed that the division's chief executive had resigned, sparking further speculation that the slow-growing business could eventually be sold.
Total CEO Warns of Weaker Profit Amid Oil Price Collapse
French oil major Total is likely to report a 20% fall in profit for 2015 because of the collapse in oil prices, Chief Executive Patrick Pouyanné said.
Renault to Recall Over 15,000 Vehicles
French car maker Renault will recall more than 15,000 vehicles to fix their engines as part of a plan to reduce emissions, France's environment and transport minister, Ségolène Royal, said.
Fire Engulfs Top Floor of Ritz Hotel Paris
A fire has engulfed the top floor of the Ritz hotel in central Paris just months before the famous hotel was due to reopen after extensive renovations.
Twitter Goes Down for Some Users in Europe
Social-media website Twitter wasn't available to some users in Europe.
Rio Tinto Records 11% Jump in Annual Iron-Ore Shipments
Rio Tinto shipped record volumes of iron ore again in 2015 as the world's No. 2 exporter of the steelmaking commodity put the finishing touches on a massive expansion of its Australian mining operations.
Suncor, Canadian Oil Sands Reach $2.92 Billion Deal
Suncor Energy and Canadian Oil Sands reached a friendly deal after Suncor agreed to raise its takeover offer for its rival to about 4.24 billion Canadian dollars.
Malaysia's Petronas to Slash $11.4 Billion in Expenses
Malaysia's state-oil firm is planning to slash as much as $11.4 billion in capital and operating expenditure over the next four years, as the rout in oil prices could spell a further drop in Petronas's revenue and earnings.
South Korea to File Charges Against Audi Volkswagen Head
South Korea said it will file a criminal complaint against the head of Audi Volkswagen Korea, who could face five years in prison, after the Ministry of Environment rejected the car maker's plan for recalling vehicles with emissions-cheating devices.
Postal Savings Bank of China Seeks Banks to Underwrite $10 Billion IPO
Postal Savings Bank of China has kicked off preparations for its planned Hong Kong IPO, inviting banks to underwrite what could be this year's largest float in the city.
Thailand Charges Philip Morris with Tax Evasion
The tobacco giant is charged for allegedly under-declaring the value of cigarettes imported from the Philippines.
Arctic Oil Shipper Primorsk Files for Bankruptcy
Primorsk International Shipping Ltd., which operates a fleet of ice-class oil tankers in the Arctic, has filed for bankruptcy protection after reaching the terms of a debt-for-equity swap with bondholders.
Penney Names Former Home Depot Executive as Head of Stores
J.C. Penney named a former Home Depot executive as its new head of stores, reuniting him with Marvin Ellison who joined Penney as chief executive from the home-improvement retailer in August.
(END) Dow Jones Newswires
January 19, 2016 05:47 ET (10:47 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
Source: Dow Jones News
Unilever Resignation Reignites Spinoff Talk
Unilever reported little progress in its margarine business and confirmed that the division's chief executive had resigned, sparking further speculation that the slow-growing business could eventually be sold.
Total CEO Warns of Weaker Profit Amid Oil Price Collapse
French oil major Total is likely to report a 20% fall in profit for 2015 because of the collapse in oil prices, Chief Executive Patrick Pouyanné said.
Renault to Recall Over 15,000 Vehicles
French car maker Renault will recall more than 15,000 vehicles to fix their engines as part of a plan to reduce emissions, France's environment and transport minister, Ségolène Royal, said.
Fire Engulfs Top Floor of Ritz Hotel Paris
A fire has engulfed the top floor of the Ritz hotel in central Paris just months before the famous hotel was due to reopen after extensive renovations.
Twitter Goes Down for Some Users in Europe
Social-media website Twitter wasn't available to some users in Europe.
Rio Tinto Records 11% Jump in Annual Iron-Ore Shipments
Rio Tinto shipped record volumes of iron ore again in 2015 as the world's No. 2 exporter of the steelmaking commodity put the finishing touches on a massive expansion of its Australian mining operations.
Suncor, Canadian Oil Sands Reach $2.92 Billion Deal
Suncor Energy and Canadian Oil Sands reached a friendly deal after Suncor agreed to raise its takeover offer for its rival to about 4.24 billion Canadian dollars.
Malaysia's Petronas to Slash $11.4 Billion in Expenses
Malaysia's state-oil firm is planning to slash as much as $11.4 billion in capital and operating expenditure over the next four years, as the rout in oil prices could spell a further drop in Petronas's revenue and earnings.
South Korea to File Charges Against Audi Volkswagen Head
South Korea said it will file a criminal complaint against the head of Audi Volkswagen Korea, who could face five years in prison, after the Ministry of Environment rejected the car maker's plan for recalling vehicles with emissions-cheating devices.
Postal Savings Bank of China Seeks Banks to Underwrite $10 Billion IPO
Postal Savings Bank of China has kicked off preparations for its planned Hong Kong IPO, inviting banks to underwrite what could be this year's largest float in the city.
Thailand Charges Philip Morris with Tax Evasion
The tobacco giant is charged for allegedly under-declaring the value of cigarettes imported from the Philippines.
Arctic Oil Shipper Primorsk Files for Bankruptcy
Primorsk International Shipping Ltd., which operates a fleet of ice-class oil tankers in the Arctic, has filed for bankruptcy protection after reaching the terms of a debt-for-equity swap with bondholders.
Penney Names Former Home Depot Executive as Head of Stores
J.C. Penney named a former Home Depot executive as its new head of stores, reuniting him with Marvin Ellison who joined Penney as chief executive from the home-improvement retailer in August.
(END) Dow Jones Newswires
January 19, 2016 05:47 ET (10:47 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
